BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 11,584 shares, a decrease of 77.4% from the June 30th total of 51,348 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 93,851 shares, the days-to-cover ratio is currently 0.1 days.
BNY Mellon Ultra Short Income ETF Trading Down 0.0%
Shares of BNY Mellon Ultra Short Income ETF stock opened at $49.66 on Friday. BNY Mellon Ultra Short Income ETF has a 12 month low of $49.54 and a 12 month high of $49.96. The business’s 50-day moving average price is $49.69 and its 200-day moving average price is $49.75.
Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF
Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in shares of BNY Mellon Ultra Short Income ETF in the second quarter valued at about $31,000. Raymond James Financial Inc. purchased a new position in BNY Mellon Ultra Short Income ETF during the 2nd quarter valued at $138,000. Q3 Asset Management purchased a new position in BNY Mellon Ultra Short Income ETF during the 4th quarter valued at $205,000. Krilogy Financial LLC bought a new position in BNY Mellon Ultra Short Income ETF in the first quarter worth about $397,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of BNY Mellon Ultra Short Income ETF in the 4th quarter worth approximately $558,000.
BNY Mellon Ultra Short Income ETF Company Profile
The BNY Mellon Ultra Short Income ETF (BKUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of investment-grade, USD-denominated fixed income securities with an ultra-short effective duration. The fund aims for high income and low volatility. BKUI was launched on Aug 9, 2021 and is managed by BNY Mellon.
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